v3.26.1
Mortgage Notes Payable (Details)
3 Months Ended 28 Months Ended
Jul. 10, 2025
Jun. 06, 2024
item
Apr. 25, 2024
Mar. 31, 2026
USD ($)
Mar. 31, 2025
USD ($)
Mar. 31, 2026
USD ($)
Dec. 31, 2025
USD ($)
Mortgage Notes Payable              
Mortgage notes payable, net       $ 66,681,888   $ 66,681,888 $ 66,689,086
Interest expense on mortgage notes payable       1,036,527 $ 957,914    
Deferred finance costs and debt discounts       64,364 29,539    
Interest expense relating to the amortization of deferred financing costs         51,591    
Fair value of debt premium         $ 22,052    
Mortgage payable secured by the Hotel Indigo Traverse City              
Mortgage Notes Payable              
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]   us-gaap:UsTreasuryUstInterestRateMember          
Mortgage payable              
Mortgage Notes Payable              
Deferred finance costs and debt discounts       1,066,089      
Mortgage payable secured by the St. Pete Hotel (the "St. Petersburg Note")              
Mortgage Notes Payable              
Mortgage notes payable, net       12,820,000   12,820,000  
Debt Instrument, Basis Spread on Variable Rate     2.50%        
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]     us-gaap:SecuredOvernightFinancingRateSofrMember        
Period of monthly interest payments     2 years        
Amortization schedule     25 years        
Mortgage note due date     Apr. 25, 2029        
Mortgage payable secured by the Springhill Suites Wilmington (the "Wilmington Note")              
Mortgage Notes Payable              
Mortgage notes payable, net       10,850,000   10,850,000  
Debt Instrument, Basis Spread on Variable Rate     2.50%        
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]     us-gaap:SecuredOvernightFinancingRateSofrMember        
Period of monthly interest payments     2 years        
Amortization schedule     25 years        
Mortgage note due date     Apr. 25, 2029        
Mortgage payable secured by the Hotel Indigo Traverse City (the "TCI Note")              
Mortgage Notes Payable              
Mortgage notes payable, net       15,600,000   15,600,000  
Debt Instrument, Basis Spread on Variable Rate   2.50%          
Period of monthly interest payments   3 years          
Amortization schedule   30 years          
Interest rate   7.025%          
Debt instrument, term   3 years          
Number of automatic term extensions | item   2          
Extension term   1 year          
Mortgage payable secured by the Hilton Garden Inn Providence (the "HGI Note")              
Mortgage Notes Payable              
Mortgage notes payable, net       19,200,000   19,200,000  
Period of monthly interest payments 2 years            
Amortization schedule 25 years            
Interest rate 6.10%            
Debt instrument, term 5 years            
Mortgage payable secured by the Cherry Tree Inn (the "CTI Note")              
Mortgage Notes Payable              
Mortgage notes payable, net       $ 8,773,087   $ 8,773,087  
Interest rate       3.91%   3.91%  
Monthly principal and interest payments           $ 52,601